Small Businesses and The Budget

Chancellor Sajid Javid yesterday announced that this year’s Budget, which had been postponed ahead of the December election, will now be held on 11 March, in which the Chancellor will outline his and the Government’s plans for fiscal policy in the next year.

While many will be looking to the Budget’s announcements on personal tax and infrastructure investment, a significant sector of society will be watching to discover what – if any – extra support will be promised to small businesses, a sector key to both economic growth and employment in the UK.

Small and Medium-sized Enterprises (SMEs) make up over 98% of all private sector firms across the UK. They also account for 16 million jobs in the UK, while adding £1.9 trillion to the British economy.

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